The raised guidance and strong operating momentum (11.7% revenue growth, 18.3% Adjusted EBITDA growth, improving leverage) signal accelerating fundamentals. Watch for Q2-Q3 new club openings (12-14 planned, mostly back-half weighted) and execution on the increased $400M sale-leaseback program. The $500M buyback authorization provides downside support.
Price Chart
Executive Summary
Life Time reported Q1 2026 revenue of $788.7M (+11.7% YoY) and GAAP diluted EPS of $0.39 (+14.7% YoY), beating consensus estimates of $0.38 EPS and $787.2M revenue. The company raised its full-year 2026 guidance across revenue, adjusted EBITDA, and comparable center revenue growth, while increasing its sale-leaseback target to ~$400M.
Key Financial Metrics
Key Facts
- Q1 2026 total revenue $788.7M, up 11.7% YoY from $706.0M
- GAAP diluted EPS $0.39, up 14.7% YoY from $0.34
- Adjusted diluted EPS $0.42, up 23.5% YoY from $0.34
- Adjusted EBITDA $226.7M, up 18.3% YoY from $191.6M
- Raised FY2026 revenue guidance to $3.32B-$3.35B from $3.30B-$3.33B
- Raised FY2026 Adjusted EBITDA guidance to $925M-$940M from $910M-$925M
- Raised comparable center revenue growth outlook to 6.9%-7.5% from 6.3%-7.3%
- Increased sale-leaseback target to ~$400M from $300M
- Net debt leverage ratio improved to 1.6x from 2.0x YoY
- Center memberships grew 1.4% YoY to 837,903; average revenue per membership up 10.2% to $930
Financial Impact
Revenue beat consensus by ~$1.5M; EPS beat by ~$0.01; guidance raised by ~$20M at midpoint for revenue and ~$15M for Adjusted EBITDA
Risk Factors
- Comparable center revenue growth decelerated to 8.6% from 12.9% YoY, though guidance was raised
- Free cash flow was negative -$61.2M vs +$41.4M a year ago due to heavy growth capex ($260M vs $142.5M)
- Net income guidance for FY2026 implies an 8.3% decline vs FY2025 actual, driven by higher tax and interest expense
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001869198-26-000029 |
| Document: lth-20260505.htm | 0001869198-26-000029 |
| Document: 0001869198-26-000029-index-headers.html | 0001869198-26-000029 |
| Document: 0001869198-26-000029-index.html | 0001869198-26-000029 |
| Document: 0001869198-26-000029.txt | 0001869198-26-000029 |
| 8-K Data (Synthetic) | 0001869198-26-000029 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | Institutional Cluster | $41.48 $41.50 | ▲ +0.05% | ▼ −0.80% | $40.99 (−1.18%) |
Sep 3, 2026 29d ago | Court Ruling | $43.09 $43.23 | ▲ +0.32% | ▲ +0.71% | $40.99 (−4.87%) |
Aug 28, 2026 4w ago | Insider Cluster | $42.02 $41.83 | ▲ +0.45% | ▼ −0.23% | $40.99 (+2.45%) |
Aug 28, 2026 4w ago | Insider Cluster | $42.02 $41.83 | ▼ −0.45% | ▲ +0.23% | $40.99 (−2.45%) |
Aug 27, 2026 5w ago | 144 | $44.35 $43.51 | ▲ +1.89% | ▲ +1.67% | $40.99 (+7.58%) |
Aug 27, 2026 5w ago | 144 | $44.35 $43.51 | ▲ +1.89% | ▲ +1.67% | $40.99 (+7.58%) |
Aug 25, 2026 5w ago | Court Ruling | $44.55 $44.80 | ▲ +0.56% | ▲ +0.54% | $40.99 (−7.99%) |
Aug 12, 2026 7w ago | Insider Cluster | $44.31 $45.26 | ▼ −2.14% | ▼ −2.34% | $40.99 (+7.49%) |
Aug 11, 2026 7w ago | 144 | $43.81 $43.82 | ▼ −0.02% | ▲ +0.23% | $40.99 (+6.44%) |
Aug 11, 2026 7w ago | 144 | $43.81 $43.82 | ▼ −0.02% | ▲ +0.23% | $40.99 (+6.44%) |
US Market Status
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